Yields rise over expected Fed delays
Yields push higher in the US and Europe plays catch up after the long weekend. NAB’s Ken Crompton looks at how markets are accepting the chance of less cuts this year leading to a higher nominal rate.
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Show Notes
Wednesday 3rd April 2024
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Bond yields continued to rise in the US overnight, with Europe playing catch-up as it returns from a long Easter weekend. NAB’s Ken Crompton talks through the adjustment markets are making to their rate cut expectations from the Fed. European bonds also rose even though today’s Eurozone inflation number could be lower than expected. There’s also discussion of the RBA minutes, which seem a little more hawkish than the tone set in the statement and press conference.
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